Lightbox_close_button

Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.

READ MORE…

This loan is fully funded. Search for similar loans.

Micah M

Micah is from Kenya. He has 1 child. He needs a loan of $375 to purchase more soft drink stock and pay license fees.

Services
Community:
Riruta
Country:
Kenya
other entrepreneurs here Kenya

Summary

Micah is from Kenya. He has 1 child. He needs a loan of $375 to purchase more soft drink stock and pay license fees.

  • Top Goals To purchase more soft drink stock and pay license fees...
  • Children Helped 1
  • Number of Employees 2

Micah's Story

Micah Mukanda is a father of one child, he lives with his family in Kawangware, a rural part of Kenya. Micah has been working hard at his soft drink business within his local community, to help earn a living for his family. At this time, Micah lacks the funds needed to sustain his soft drink business.

With a loan from World Vision, Micah will be able to purchase more soft drink stock for his business and pay his licensing fees, in order to continue to operate his business. He'll also be able to expand his business and increase his income. With the additonal income, Micah will be able to provide for all of his family's daily needs.

Download PDF

Industry Info

In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% of our loans.

Micah's Community

Riruta is in the Nairobi area of Kenya. The climate is moderate and the differences between seasons is minimal. It is a lower income area where the income is earned from industrial labor, construction, household chores, small scale trading and vocation work such as carpentry, masonry, and tailoring. More than 65,000 people live in Riruta.

Rural Kenyans generally live with their extended family in a cluster of huts, which provides shelter and symbolizes the closeness of the people living there. Family members typically share work responsibilities and resources as they support themselves through farming.

Children are considered a valuable resource. A large family means more hands to help on the farm and ensures parents will be taken care of in their old age. Education is provided by the Kenyan government for children up to age 8, however, nearly 1.7 million children do not attend school because of failing economic and social systems.

World Vision focuses on education, immunizations, HIV and AIDS prevention education, food security, and sanitation.

Micah's Mid Term Update September 20, 2012

Thank you for supporting a small business loan for Micah Mukanda to expand his retail and services business. After receiving the loan from World Vision, he invested the $375 to purchase more soft drink stock and pay license fees. Micah has been repaying his loan on time with his new profits. He makes weekly payments of $15.

In addition to repaying his loan, Micah is using additional income to purchase food for the family, buy supplies in bulk and expand the current business. Micah's child continues to study in school.

Micah says the loan helped him to pay license fees for his business (manditory for complying with the Law) and purchase drinks. In addition, he says "God bless you as you continue with the noble mission."

Thank you for supporting Micah and World Vision Micro!

Micah's Final Update December 13, 2012

Thank you for supporting Micah Mukanda’s retail and services business through World Vision Micro. Micah invested his small business loan of $375 to purchase more soft drink stock and pay license fees. He has made weekly payments of $15 and has now fully repaid his loan.

With the profits from his business, Micah decided to buy supplies in bulk, expand the current business and paid for the license of the business. Micah’s goal for the future is to earn enough so that he can expand the current business and take out another loan.

Micah’s 1 child remains in school. Because of your donation, Micah is able to provide a better future for his 1 child. He is thankful for the loan.

Thank you for providing Micah with hope and a future. These funds are now being recycled to support another hardworking entrepreneur in the same community.

Total Amount
$375

Amount raised

$375
$375
100%

Help Micah

2 Donors

  • Matthew
    June 24, 2012
    Contributed to 42 other loans
  • Audrey
    June 28, 2012
    Contributed to 12 other loans

Similar Opportunities